Iowa Code 681.26 – Mandatory removal of assignee
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Terms Used In Iowa Code 681.26
- person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
681.26 Mandatory removal of assignee.
Upon a written application of two-thirds of the creditors in number, and two-thirds in
amount, the court shall remove the assignee and appoint in the assignee’s stead a person approved by the creditors in the same number and amount.
[C97, §3085; C24, 27, 31, 35, 39, §12745; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
§681.26]
Upon a written application of two-thirds of the creditors in number, and two-thirds in
amount, the court shall remove the assignee and appoint in the assignee’s stead a person approved by the creditors in the same number and amount.
[C97, §3085; C24, 27, 31, 35, 39, §12745; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
§681.26]